airbus330 wrote:Seems that Mr. Corbyn wants to nationalise it and give us all free broadband.
https://uk.finance.yahoo.com/news/uks-l ... 36407.html
He's got to win the election first. I think he's living in dreamland myself.
Ian.
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airbus330 wrote:Seems that Mr. Corbyn wants to nationalise it and give us all free broadband.
https://uk.finance.yahoo.com/news/uks-l ... 36407.html
richfool wrote:That's given a bashing to quite a few people's pension shares.
Bouleversee wrote:
The mind boggles as to what shareholders (my family and I have quite large holdings from way back) would receive in terms of bonds to compensate for the devaluation of their plundered BT shares. How on earth would that be calculated?
Bouleversee wrote:Their intention is to issue bonds but at what value?
dealtn wrote:richfool wrote:That's given a bashing to quite a few people's pension shares.
Really? Define bashing. I presume you imply BT shares which appear to be barely changed, or did you mean something else?
Shares in BT dropped nearly 4% and TalkTalk put the sale of one of its businesses on hold after the Labour Party announced plans to turn broadband into a public service.
Jeremy Corbyn is due to officially announce the new policy in a speech in Lancaster on Friday morning.
Labour has costed the policy at £20 billion, saying it will deliver free full-fibre internet to every home and business by 2030 if it wins the General Election.
richfool wrote:dealtn wrote:richfool wrote:That's given a bashing to quite a few people's pension shares.
Really? Define bashing. I presume you imply BT shares which appear to be barely changed, or did you mean something else?
( Bashing = beating= knocked down in price).
According to Bloomberg, BT shares were amongst the largest fallers first thing this morning, though I note they have since pulled back somewhat, - currently down 1.63%.
dealtn wrote:More interesting, to me at least, is the other news released today that seems to have slipped the media net.
BT says it "had won exclusive rights to broadcast all matches of the UEFA Champions League, Europa League and new Europa Conference League until 2024."...
Philip Jansen, Chief Executive, BT Group has late this afternoon tested positive for COVID-19 and as a result has followed the Public Health England protocols to self-isolate.
BT is now working closely with Public Health England to undertake a full deep clean of relevant parts of its Group headquarters and will ensure those employees who have had contact with Philip are appropriately advised.
Philip Jansen said: "Having felt slightly unwell I decided as a precaution to be tested. As soon as the test results were known I isolated myself at home."
BT and Computacenter today announce that they have entered exclusive negotiations on the acquisition of BT's domestic operations in France by Computacenter. The transaction is subject to consultations with works councils over a minimum period of two months. This process will adhere to any additional French Government guidance issued as a result of the coronavirus pandemic. It will then be subject to regulatory approval, with completion expected to take place by the end of 2020.
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